Major Indonesian mining companies are ready to commit a cumulative domestic supply of 2.9 million mt coal on hopes that it would lead to early revocation of the ban on thermal coal exports.
Indonesia has already made the headlines for its nickel and coal export bans, but last week President Joko Widodo reiterated plans to ban exports of copper concentrate and bauxite.
After the October 2021 groundbreaking ceremony for PT Freeport Indonesia’s (PTFI) new copper smelter at the Special Economic Zone Java Integrated Industrial and Port Estate (SEZ JIIPE) in Gresik.
Thiess says it has secured a three-year A$220 million ($164 million) contract renewal to continue providing mining services at PT Wahana Baratama Mining’s coal mine in South Kalimantan, Indonesia.
Indonesia said on Thursday it would allow 37 vessels loaded with coal to depart, in the strongest sign yet that the world’s biggest thermal coal exporter is relaxing its ban on shipments.
Indonesia may allow coal exports to resume by the end of Monday or Tuesday, as domestic demand has been met, senior minister Luhut Pandjaitan said.
ndonesia has suspended thermal coal exports for January in order to divert supplies to domestic utilities that are grappling with acute shortages.
The government has prohibited coal exports in January, citing worries that insufficient supply at domestic power plants could result in widespread blackouts.
Indonesian coal miners are seeking a quick resolution to a government coal export ban that is already causing fuel prices to rise and could disrupt the energy needs.
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